PROFILE

AMB invests in properties located predominantly in the infill submarkets of its targeted markets. The company’s portfolio is comprised of High Throughput Distribution^® facilities–industrial properties built for speed and located near airports, seaports and ground transportation systems. AMB provides global development and property management services to our customers. In certain markets, AMB utilizes development partners or third-party property management to provide these services. AMB also manages co-investment funds that provide institutional clients with investment opportunities in industrial real estate.

Our website address is www.amb.com.

Amsterdam, Atlanta, Baltimore, Beijing, Boston, Chengdu, Chicago, Ciudad Juarez, Dallas, Frankfurt, Guadalajara, Los Angeles, Madrid, Menlo Park, México City, Monterrey, Mumbai, Nagoya, New Jersey, New York, Osaka, Paris, Querétaro, San Francisco, Seoul, Shanghai, Shenzhen, Singapore, Tokyo, Toronto and Vancouver.

AMB was incorporated as a Maryland corporation, and operates its business primarily through the subsidiary, AMB Property, L.P., a Delaware limited partnership. Our own employees perform our corporate administrative and management functions, rather than our relying on an outside manager for these services. We manage our portfolio of properties generally through direct property management performed by our own employees. Additionally, within our flexible operating model, we may from time to time establish relationships with third-party real estate management firms, brokers and developers that provide some property-level administrative and management services under our direction.

AMB owned and managed 1,116 industrial buildings. Our industrial properties were 95.1% leased to 2,602 customers.

AMB served 49 geographic markets in 15 countries including the U.S., China, Japan, Korea, Singapore, Belgium, France, Germany, Italy, the Netherlands, Poland, Spain, the United Kingdom, Canada and México.

Our industrial properties are typically located near key international airports, seaports and major highway systems in major metropolitan areas. Our industrial properties, which consist primarily of warehouse distribution facilities suitable for single or multiple customers, are typically comprised of multiple buildings.

Our customers are leaders in air and ocean cargo, freight forwarding, third-party logistics, retail and consumer products.

Additional information on AMB’s markets, customers and products can be found in our 2008 Annual Report in the Investor Relations section at http://www.amb.com.

AMB employed 645 individuals: 171 in our San Francisco headquarters, 46 in our Boston office, 54 in our Tokyo office, 58 in our Amsterdam office, 64 in our Mexico City office and the remainder in our other offices.

AMB reported total revenues of $715.0 million and total costs and expenses of $705.6 million. Our share of total debt to our share of total market capitalization ratio was 61.4%.

The aggregate market value of common shares held by non affiliates of AMB Property Corporation based upon the closing sale price on the New York Stock Exchange on June 30, 2008 was $4,725,199,359.

Approximately 3% of AMB shares are held by Insiders and 5% by Owners. Institutional & Mutual Fund Owners hold the majority of remaining shares. Two hundred fifty-nine institutions hold shares. (Data as of June 4, 2009.) Current information regarding our major shareholders can be accessed at: http://finance.yahoo.com/q/mh?s=AMB

AMB’s Annualized Base Rent (ABR) from operations is distributed as follows:

• Asia 13.0%
• Europe 10.2%
• North America 76.8%

Further breakdown of AMB’s market allocation is as follows:

Additional information on AMB’s financial performance, markets, customers and products can be found in our 2008 Annual Report in the Investor Relations section at http://www.amb.com

AMB Market Presence

To address the rapidly changing global economy in 2008, AMB recognized several changes in the reporting period. AMB incurred a restructuring charge of $12.3 million, including headcount reductions of approximately 22%, and initiated the closure of operations in India and Poland. AMB also suspended its fourth quarter 2008 common stock dividend and aligned its 2009 common stock dividend expectations with recurring operations.

• Redevelopment of the Year from the San Jose Business Journal for AMB TriPoint Business Park
• Building Illumination Award from the Illuminating Engineering Institute of Japan (IEIJ) for AMB Kasugai Distribution Center
• Golden Brick Award from REurope magazine for the best logistics development project in Italy: AMB Siziano Business Park
• Sustainable Leadership Award from CoreNet for AMB Morgan Business Park
• Development of the Year from Chicago Food Depository for AMB Wille Road Development
• Transaction of the Year from the Real Estate Forum for AMB Minooka
• Development of the Year from the SIOR Seattle Chapter for AMB Valley Distribution Center
• Most Admired CEO of the Year from the San Francisco Business Times

Additionally, other employees received awards for their industry leadership and professional activities in 2008.